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Illinois Department of Revenue Credit Attach to Your Form IL 1041 Schedule CR Year Ending for Tax Paid to Other States Month Res

Illinois Department of Revenue Credit Attach to Your Form IL 1041 Schedule CR Year Ending for Tax Paid to Other States Month Res

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Video instructions and help with filling out and completing Illinois Department Of Revenue Credit Attach To Your Form IL 1041 Schedule CR Year Ending For Tax Paid To Other States Month Residents Of Illinois Only Read This Information First Year IL Attachment No

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Instructions and help about Illinois Department Of Revenue Credit Attach To Your Form IL 1041 Schedule CR Year Ending For Tax Paid To Other States Month Residents Of Illinois Only Read This Information First Year IL Attachment No

okay for this video I wanted to go over a very simple example as to how to complete a form 1041 trust tax return for a revocable non-grantor trust now trust returns these can get incredibly complicated um so I'm going to just use a very very simple example a little bit of income and expenses one beneficiary and then just show you how the fact pattern kind of works with the return and what some of the basic uh sections of the return you need to complete um and moving on to the k1s as well so I've got this sample 1041 in front of us we'll go through all all all the relevant Fields here um and then I also have a sample fact pattern here that we're going to review and this is the information we're going to use to populate uh the 1041 tax return so um what's the fact pattern we've got here well we're going with Jane Smith she's the US taxpayer a gror and she wants to form an irrevocable non-grantor trust for the benefit

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